Odaily Planet Daily News The payment processor Checkout.com has terminated its contract with Binance on August 17 due to money laundering and compliance issues. In a letter to Binance, Checkout CEO Guillaume Pousaz raised additional concerns about Binance’s anti-money laundering, sanctions, and compliance controls. In response, Binance told Forbes that it disagreed with Checkout’s basis for terminating the contract and that it was considering legal action.
Checkout, which has processed $300 million to $400 million worth of Binance transactions in recent months, is the latest payment provider to ditch Binance as the company faces a series of investigations in several countries, according to people familiar with the matter. European payments provider PaySafe stopped working with Binance in June. (Forbes)